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The 150th edition of the Kentucky Derby is today and that means you can claim the FanDuel Racing promo code for a $20 No Sweat First Bet or a $500 No Sweat First Bet!

Here’s how to get FanDuel Racing’s great bonus bet offer for the Kentucky Derby.

In AZ, CO, IL, IN, KY, LA, MA, MD, MI, NY, OH, PA, VA, WV, and WY, you can get a $20 No Sweat First Bet on the Kentucky Derby only. You can use the standard FanDuel Sportsbook app to claim this offer.

This offer works for new and existing customers and if your bet loses, you’ll get the amount wagered back as a racing credit. The racing credit expires on June 10, so you can use it on the Preakness or Belmont Stakes.

Those in AR, CA, DE, ID, FL, MN, MT, NH, NM, ND, OR, RI, SD, and WA can claim a $500 No Sweat First Bet on the FanDuel Racing app.

If your bet loses, then you get refunded the amount wagered as a racing credit that expires in seven days. This offer is available in all FanDuel states, but you can only use it if you have never placed a bet on any FanDuel property.

New Jersey bettors can cash in on the race with the 4NJBets app, and bettors in Connecticut and Iowa can use the TVG app. Both apps are owned by FanDuel.

Here’s what the win market looks like for the 2024 Kentucky Derby. There are 20 horses competing in the Kentucky Derby, from the favorite in Fierceness to the horses with the worst odds, Society Man, West Saratoga, and Grand Mo The First.

Now that you’ve seen how the odds stack up, these are the types of horse racing bets you can place on FanDuel Racing:

Some of these bets are much easier to hit than others. Correctly picking which horse will Place is difficult because it can only finish first or second, but that is much more wiggle room than making a Trifecta bet that requires you to correctly pick which horses finish one, two, and three. Of course, the more difficult the bet, the higher the odds, which is what makes this so much fun in the first place.